BTC Holds Key Support: How High Can Bitcoin Go Next?
Bitcoin (BTC) is displaying indicators of power after bouncing from key help ranges and shutting again above a traditionally necessary resistance line. The present restoration follows a pointy transfer down on the finish of the earlier week, with merchants now watching whether or not BTC can reclaim larger ranges and prolong the transfer towards $117,000.
Recent value motion exhibits the market reacting at well-established technical zones. Analysts are monitoring these ranges as bitcoin continues to commerce inside an outlined vary.
Price Reclaims Support, Tests Resistance
Bitcoin rebounded from a better low close to $110,000 (on most exchanges), a stage marked in purple on the every day chart shared by Rekt Capital. This similar line was the bottom for earlier reversals. BTC has now closed a every day candle above ~$114,300, which has traditionally served as a robust resistance. In the final 5 circumstances the place bitcoin closed above this stage after bouncing from the upper low, it moved towards $117,300.
Bitcoin has rebounded from the exact same Higher Low (purple) from which the earlier reversal originated from
More, $BTC has Daily Closed above ~$114.300 (black)
On the earlier 5 occasions this has occurred, Bitcoin rallied to at the very least ~$117,300 (blue)#Crypto #Bitcoin pic.twitter.com/AOvveB5i68
— Rekt Capital (@rektcapital) October 13, 2025
Rekt Capital notes that the $117,300 stage could once more act as the subsequent goal. The chart exhibits repeated reactions round this zone, whereas $123,000 stays the higher resistance, the place previous rallies have slowed down. Green and purple circles on the chart point out the areas of previous bounces and rejections.
Technical Indicators Show Recovery Potential
The every day RSI has fashioned a bullish divergence. While the worth made larger lows, RSI made decrease lows, suggesting momentum could also be turning. The RSI is now rising out of oversold territory, which helps the case for additional power.
A brand new CME hole between $115,690 and $116,865 has fashioned, whereas the earlier one between $109,700 and $111,310 was revisited by the spot value. Though the CME futures chart technically didn’t fill the hole, Rekt Capital commented, “Price clearly revisited that CME Gap value space over the weekend,” suggesting the sensible relevance of the zone.
Weekly Structure Maintains Bullish Trend
On the weekly chart, BTC continues to carry above the 21-week EMA, a stage that has supported larger candle-bodied lows throughout the yr. Rekt Capital marked previous reactions the place this EMA acted as a base for upward continuation. Bitcoin’s newest bounce has as soon as once more revered this shifting common, now sitting close to $115,578.
Notably, the construction stays in line with earlier bullish phases, with the worth forming larger lows on every pullback. As lengthy as BTC stays above the 21-week EMA and up to date help zones, the pattern stays intact.
$120K Remains Key Resistance Before New Highs
Michaël van de Poppe shared that BTC must clear the $119,500–$120,000 zone to proceed larger.
“The space round $120K ought to break as a way to have momentum upwards,” he mentioned.
He additionally named $112,000 as the important thing help space. That stage held throughout this week’s pullback earlier than patrons stepped in.
With $112K as help and $120K as resistance, bitcoin is shifting inside a transparent vary. A powerful breakout above $120K could open the door for a brand new all-time high.
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